Entrepreneurs propose using over 70% of IPO funds for debt repayment

During a stakeholder consultation held by the BSEC, entrepreneurs suggested allowing companies to utilize more than 70% of IPO proceeds for settling debts.

Entrepreneurs propose using over 70% of IPO funds for debt repayment

Entrepreneurs have proposed that companies be permitted to allocate more than 70% of their Initial Public Offering (IPO) proceeds toward debt repayment. The suggestion was presented during a stakeholder consultation meeting organized by the Bangladesh Securities and Exchange Commission (BSEC) yesterday to deliberate on potential amendments to existing regulations.

#IPO#BSEC#Stock Market#Debt Repayment